TOKYO — Nissan Motor views the Chinese market as “still healthy” and expects to achieve its sales target of 1.3 million vehicles there in fiscal 2015, CEO Carlos Ghosn told reporters Wednesday.
The Japanese automaker’s sales in the world’s largest market edged 0.5% higher to 1.2 million units in the year through March, according to earnings results released the same day. Nissan has the biggest share among Japanese counterparts in China. The company expects sales to rise 6.4% in fiscal 2015.
Meanwhile, globally, the company enjoyed brisk earnings. Net profit for fiscal 2014 climbed 17.6% to 457.6 billion yen ($3.78 billion), higher than its revised upward outlook of 420 billion yen released in February. Global sales climbed 2.5% to 5.31 million vehicles. The strong performance in its core North American and Western European markets helped to offset a 13.3% decline in Japan. The new-car market in North America was boosted by lower oil prices, low interest rates. Furthermore, the weak yen bolstered sales.
To continue reading this article, please click here.